REVERSAL: Trump Drops 20% Fee Plan for Hormuz Strait in Favor of Deals With Gulf States
(Reuters) – U.S. President Donald Trump on Tuesday dropped the idea of charging a 20% fee on all cargo shipped through the Strait of Hormuz, and said he would instead…
US Drivers May Soon See Pump Prices Climb Back Up to $4
Summary National average pump price $3.84/gallon, up 9.8 cents in a week Gasoline prices surged along with crude after truce collapsed Fewest tankers in two months transit the Strait of…
Asian Refiners Snap Up US Crude as Hormuz Risks Mount, Trade Sources Say
(Reuters) – Asian refiners snapped up U.S. crude cargoes overnight as they sought to secure alternative supplies amid escalating tensions in the Middle East, trade sources said on Wednesday. Two…
Trump Cuts to Clean Energy Linked to $83 Billion in Delayed or Canceled Projects
(Reuters) – Trump administration policies that scaled back federal support for clean energy have led to the cancellation or delay of $83 billion in investment across hundreds of projects, according…
US Crude Stocks Fall as Refiners Step Up Processing, EIA Says
(Reuters) – U.S. oil and gasoline stocks fell last week, the U.S. Energy Information Administration said on Wednesday, as refiners stepped up their crude processing and gasoline demand remained sturdy…
US Drivers May Soon See Pump Prices Climb Back Up to $4
By National average pump price $3.84/gallon, up 9.8 cents in a week Gasoline prices surged along with crude after truce collapsed Fewest tankers in two months transit the Strait of…
Oil Prices Rise 2% to One-Month High as US-Iran Attacks Deepen Supply Disruption
Trump dropped planned Hormuz security fee, favoring Gulf investment deals instead Record diesel refining margins widened after Ukrainian attacks curbed Russian fuel exports Analysts estimated US firms drew 2.7 million…
THE TRUMP CHARGE: Iran Blockade Reinstated, US to Charge 20% on Strait of Hormuz Cargo
By Reuters (Reuters) – President Donald Trump said on Monday that the United States was reinstating a naval blockade on and would be reimbursed 20% on all cargo shipped through the Strait…
FEATURE STORY: Trump Drains America’s Emergency Oil Reserve as Canada Supplies 63% of US Crude Imports
Story by Get the Latest US Focused Energy News Delivered to You! It’s FREE: America’s emergency oil stockpile is shrinking at a pace that has turned a technical energy-policy decision…
Oil Hits Four-Week High as US-Iran Conflict Escalates
Summary Get the Latest US Focused Energy News Delivered to You! It’s FREE: Brent and WTI at its highest level since mid June U.S. military renews strikes on Iran while…
